Revenues from Qatar’s LNG fields will provide budget surpluses until the 2030s, Fitch said. Fitch Ratings has upgraded Qatar to AA, its third-highest rating, on the back of revenues expected from its expanded gas fields, the agency has said. Revenues from Qatar’s liquified natural gas (LNG) fields will ensure that…
New York City – Rachel S lives in a walkable neighbourhood in Brooklyn, New York. Most days she is able to live comfortably without a car. She works remotely often but occasionally she needs to go into the office. That’s where her situation gets a bit challenging. Her workspace is…
On August 12, a family in the central Indian city of Bhopal took a selfie in their home. After the photo, the father, Bhupendra Vishwakarma, gave his two sons, eight and three years old, a poisoned drink, and he and his wife took their lives by hanging themselves. In his…
ZURICH – Credit Suisse is expected to face shareholder anger at what will be its final annual general meeting on Tuesday after the bank was rescued last month by rival UBS. The hastily arranged takeover by Zurich-based UBS, for which Switzerland invoked emergency legislation, bypassed Credit Suisse shareholders, who would otherwise…
Credit Suisse and UBS shares fell on Monday after Switzerland’s federal prosecutor opened an investigation into the emergency merger of the two lenders. The office of the attorney general said on Sunday that the prosecutor opened an investigation into the state-backed takeover of Credit Suisse by UBS Group last month, looking into potential breaches of the country’s criminal law by…
The boss of the Saudi National Bank abruptly resigned from his post Monday, just days after his critical comments about Credit Suisse sparked an industrywide panic that resulted in a forced rescue of the troubled lender by rival UBS. Saudi National Bank Chairman Ammar Al Khudairy is stepping down “due…
It’s a funny but sad spectacle that Joe Biden & Co. are trying to turn the mess at Silicon Valley Bank — and the crisis engulfing the banking system — into a political win. Funny because the BS is working about as well as their spinning of the transitory nature…
Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a global financial crisis. The Swiss bank’s announcement helped stem heavy selling in financial markets in Asian morning trade on…
It’s a bull market. Wild footage captured the moment an escaped bull charged into an Israeli bank on Monday sending terrified employees running for their lives. The bizarre incident took place on Monday morning at a Bank Leumi branch in the city of Lod near Tel-Aviv, reported the Israeli news…
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